Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75102
Authors: 
Wahl, Jack E.
Year of Publication: 
1988
Series/Report no.: 
Diskussionsbeiträge: Serie 1, Fakultät für Wirtschaftswissenschaften und Statistik, Universität Konstanz 239
Abstract: 
The incentive to trade implies that all investors in the market choose to be informed although the whole of them cannot profit from the information signal. This result is due to an insurance property of information.
Document Type: 
Working Paper

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